How has been the historical performance of Rishi Laser?
Rishi Laser's net sales rose to INR 134.12 crore in March 2023, with significant improvements in profitability, including a profit after tax of INR 4.94 crore and earnings per share of INR 5.38. Despite rising raw material costs, the company showed a recovery in financial performance compared to the previous year.
Answer:The historical performance of Rishi Laser shows a fluctuating trend in net sales, with a notable increase from INR 117.32 crore in March 2022 to INR 134.12 crore in March 2023. However, this is a decrease from the peak of INR 141.13 crore in March 2019. The total operating income followed a similar pattern, reaching INR 134.12 crore in March 2023. The company has seen a rise in raw material costs, which increased to INR 77.12 crore in March 2023 from INR 71.48 crore in March 2022. Operating profit (PBDIT) also improved significantly, rising to INR 10.62 crore in March 2023 from INR 6.94 crore in March 2022, indicating a positive trend in profitability. The profit before tax turned positive at INR 4.63 crore in March 2023, compared to just INR 0.41 crore in March 2022, while profit after tax surged to INR 4.94 crore from INR 0.32 crore. The earnings per share (EPS) reflected this growth, increasing to INR 5.38 in March 2023 from INR 0.35 in March 2022. On the balance sheet, total liabilities decreased to INR 84.00 crore in March 2023 from INR 93.72 crore in March 2022, while total assets also fell to INR 84.00 crore. The company maintained a stable share capital of INR 9.19 crore over the years. Cash flow from operating activities was INR 4.00 crore in March 2023, down from INR 7.00 crore in March 2022, while cash flow from investing activities improved to INR 6.00 crore. Overall, Rishi Laser's financial performance in March 2023 indicates a recovery and growth trajectory after previous losses.Breakdown:
Rishi Laser's net sales increased to INR 134.12 crore in March 2023, up from INR 117.32 crore in March 2022, while total operating income matched this figure. The company faced rising raw material costs, which reached INR 77.12 crore. Operating profit (PBDIT) improved to INR 10.62 crore, and profit before tax turned positive at INR 4.63 crore, leading to a profit after tax of INR 4.94 crore. The earnings per share rose significantly to INR 5.38. On the balance sheet, total liabilities decreased to INR 84.00 crore, and total assets also fell to INR 84.00 crore. Cash flow from operating activities was INR 4.00 crore, while cash flow from investing activities showed a positive shift to INR 6.00 crore. Overall, the financial data reflects a recovery in performance for Rishi Laser in March 2023.
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